At a Glance
- Tasks: Process and manage premium transactions while collaborating with various teams.
- Company: Join a dynamic Lloyd's Broking firm with a growing team.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Build strong relationships and gain exposure to diverse business classes.
- Why this job: Be part of a crucial role in the insurance industry and enhance your skills.
- Qualifications: 1-2 years in Lloyd's Delegated space and experience with Atlas and DCOM.
The predicted salary is between 35000 - 45000 £ per year.
I am currently partnered with a Lloyd's Broking firm who are seeking a Binding Authority Technician to join their small, growing team. Working closely with Broking, Operations and Delegated Authority teams, you will be responsible for the accurate processing and management of premium and binder-related activities across multiple classes of business.
My client is looking for someone with 1/2+ years in the Lloyd's Delegated space from a Broking firm, and Atlas and DCOM experience is a must have for this position.
Key Responsibilities- Processing binder and delegated authority premium transactions
- Reviewing and validating bordereaux submissions
- Managing premium accounting activities in line with market requirements
- Maintaining accurate records within DCOM and Atlas
- Liaising with brokers, coverholders, MGAs and insurers regarding premium and technical queries
- Assisting with month-end and reporting activities
- Monitoring premium settlements and outstanding items
- Supporting the wider operations and technical teams across multiple classes of business
- Building strong working relationships with clients and market stakeholders
- Attending client meetings where required
Binding Authority Technician employer: High Finance Limited
Join a dynamic Lloyd's Broking firm in London, where you will be part of a close-knit team that values collaboration and professional growth. With a strong focus on employee development, this role offers opportunities to enhance your skills in the Lloyd's Delegated space while enjoying a hybrid work environment that promotes work-life balance. The company fosters a supportive culture, encouraging innovation and strong relationships with clients and market stakeholders, making it an excellent place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Binding Authority Technician
✨Tip Number 1
Network like a pro! Reach out to your connections in the Lloyd's space and let them know you're on the hunt for a Binding Authority Technician role. You never know who might have the inside scoop on an opportunity.
✨Tip Number 2
Brush up on your Atlas and DCOM skills. Since these are must-haves for the role, make sure you can confidently discuss your experience with them during interviews. We all know that confidence goes a long way!
✨Tip Number 3
Prepare for those tricky technical questions! Review common queries related to premium accounting and binder transactions. Being well-prepared will show potential employers that you mean business.
✨Tip Number 4
Don't forget to apply through our website! We’ve got loads of resources to help you land that job, and applying directly can sometimes give you an edge over other candidates. Let's get you that role!
We think you need these skills to ace Binding Authority Technician
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Binding Authority Technician role. Highlight your experience in the Lloyd's Delegated space and any relevant skills, like your familiarity with Atlas and DCOM. We want to see how your background fits perfectly with what we're looking for!
Showcase Your Skills:In your cover letter, don’t just list your skills—show us how you've used them! Talk about specific examples where you’ve processed premium transactions or managed accounting activities. This helps us see your practical experience in action.
Be Clear and Concise:When writing your application, keep it clear and to the point. Use bullet points for key achievements and responsibilities to make it easy for us to read. We appreciate a well-structured application that gets straight to the good stuff!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy and ensures your application goes directly to us. Plus, we love seeing candidates who take that extra step!
How to prepare for a job interview at High Finance Limited
✨Know Your Stuff
Make sure you brush up on your knowledge of the Lloyd's Delegated space. Familiarise yourself with the key responsibilities listed in the job description, especially around processing binder and delegated authority premium transactions. Being able to discuss your experience with Atlas and DCOM confidently will show that you're the right fit for the role.
✨Showcase Your Team Spirit
Since this role involves working closely with various teams, be prepared to talk about your experience collaborating with others. Think of specific examples where you've built strong working relationships with clients or stakeholders. This will demonstrate your ability to integrate into their small, growing team.
✨Prepare for Technical Questions
Expect some technical questions related to premium accounting activities and bordereaux submissions. Brush up on market requirements and be ready to explain how you've managed these processes in your previous roles. This will help you stand out as someone who can hit the ground running.
✨Ask Insightful Questions
At the end of the interview, don’t forget to ask questions! Inquire about the company culture, the team dynamics, or how they measure success in this role. This shows your genuine interest in the position and helps you assess if it's the right fit for you too.
